Colombian Stocks: Bancolombia, Argos, Colinversiones, Grupo Sura

The following companies are having unusual price changes in Bogota trading. Stock symbols are in parentheses and prices are as of 12:57 p.m. New York time.

The IGBC Index rose 0.7 percent to 14,047.85 while the Colcap Index rose 0.8 percent to 1,665.12.

Bancolombia SA (BCOLO) , Colombia’s biggest bank, rose 1.3 percent to 28,700 pesos. The company sold 800 billion pesos ($451 million) of bonds in an offering as investor demand totaled 2 trillion pesos, the stock exchange said yesterday.

Cementos Argos SA (CEMARGOS) (CEMARGOS), a Colombian cement producer, rose 0.7 percent to 11,300 pesos. The company reported first- half net income of 386.4 billion pesos, according to a regulatory filing last night. That compares with first-half net income of 263.8 billion pesos reported the year before.

Cementos said the first-half report did not account for the purchase of U.S. assets worth $760 from Lafarge SA. The transaction will be finalized in August, the company said.

Cia. Colombiana de Inversiones SA (COLINV CB) rose 5.8 percent to 4,900 pesos, the most intraday since Feb. 23. The electricity holding company known as Colinversiones said first- half unconsolidated revenue rose 125 percent from a year ago to 175 billion pesos. First-half net income was 134.6 billion pesos, according to a regulatory filing yesterday.

Grupo de Inversiones Suramericana SA (GRUPOSUR) , rose 0.2 percent to 35,460 pesos. The company said it is seeking to offer shares worth about $1.4 billion in Colombia and $700 million overseas by October.

The parent of Bancolombia released the details of the planned share sale, which is pending approval from the company’s board, in a regulatory filing yesterday.

To contact the reporter on this story: Blake Schmidt in Bogota at bschmidt16@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net